Your Go-To Checklist for Buying Plots in Chennai
Of all Indian cities, Chennai has been the epicentre of new ideas, innovation, and massive settlement. Chennai, a melting pot of Western and traditional cultures, is a hub of educational and employment opportunities. Its robust and vibrant economy, fuelled by manufacturing, auto, IT, and ITes corridors, has paved the way for growth in the real estate sector and persuaded citizens and foreigners alike to invest in plots and properties in the city and its surrounding areas.
However, buying a piece of land - though rewarding - can often be a tricky endeavour. Listed are several things to keep in mind while buying plots in Chennai.
Construction Approval
Two of the government authorities involved in the development of rural and urban areas in Chennai and its surrounding areas are DTCP (Directorate of Town & Country Planning) and CMDA (Chennai Metropolitan Development Authority). The sole purpose of both CMDA and DTCP is to regulate real estate in the city and its peripheral regions respectively. Before buying a property, it is wise to verify that the plot has received approval for construction from the concerned local body.
Ownership
Ensure that the land has not been involved in legal disputes in the past. There should not be any gaps in the ownership, and the land should have been passed via proper channels. Whether you are buying land for sale in Perambur or surrounding areas, only buy from reputable real estate developers who deal in risk-free real estate properties.
Location
The location of the plot plays an important role in determining the future resale value. The plot should be well located, with all the necessary amenities and facilities nearby. Ensure that amenities such as electricity, roads, water, and security are in good working order.
Chennai is a rapidly developing city, and several areas are being constructed to enhance the living experience of the citizens. It will be profitable to look for plots for sale in prime locations like Perambur, Madhavaram, Poonamallee, etc.
An urban settlement has been on a rise for many years now. Development has paved the way for people to move to metropolitan cities with modern amenities and significant infrastructure facilities. And, buying land is a big decision. Make sure to do your homework and use these pointers for a hassle-free land-buying experience.
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